China Natural Gas (China Natural Gas) Effective Interest Rate on Debt % : 1.47% (As of Sep. 2013)

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What is China Natural Gas Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. China Natural Gas's annualized positive value of Interest Expense for the quarter that ended in Sep. 2013 was $0.7 Mil. China Natural Gas's average total debt for the quarter that ended in Sep. 2013 was $47.2 Mil. Therefore, China Natural Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 was 1.47%.

China Natural Gas Effective Interest Rate on Debt % Historical Data

The historical data trend for China Natural Gas's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Natural Gas Effective Interest Rate on Debt % Chart

China Natural Gas Annual Data

Trend

Jul03

Jul04

Jul05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Effective Interest Rate on Debt %

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9.09

2.88

1.57

2.56

China Natural Gas Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.12	2.07	1.60	1.47	1.47

Competitive Comparison of China Natural Gas's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, China Natural Gas's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Natural Gas's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Natural Gas's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Natural Gas's Effective Interest Rate on Debt % falls into.

China Natural Gas Effective Interest Rate on Debt % Calculation

China Natural Gas's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2012 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2011 )	+	Total Debt (A: Dec. 2012 ))	/ count )
=	-1 * -1.249	/	( (49.629	+	47.874)	/ 2 )
=	-1 * -1.249	/	48.7515
=	2.56 %

where

	Total Debt (A: Dec. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.235	+	14.394
=	49.629

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.761	+	43.113
=	47.874

China Natural Gas's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2013 )	+	Total Debt (Q: Sep. 2013 ))	/ count )
=	-1 * -0.692	/	( (47.25	+	47.058)	/ 2 )
=	-1 * -0.692	/	47.154
=	1.47 %

where

	Total Debt (Q: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.24	+	44.01
=	47.25

	Total Debt (Q: Sep. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.26	+	43.798
=	47.058

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

China Natural Gas (OTCPK:CHNGQ) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

China Natural Gas Effective Interest Rate on Debt % Related Terms

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China Natural Gas (China Natural Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Natural Gas Inc (OTCPK:CHNGQ) » Definitions » Effective Interest Rate on Debt %

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Address

35 Tang Yan Road, 19th Floor Building B, Van Metropolis, Hi-Tech Zone, Shaanxi Province, Xian, CHN, 710065

Website

http://www.naturalgaschina.com

China Natural Gas Inc through its subsidiaries engages in sales & distribution of natural gas and gasoline to commercial, industrial & residential customers, construction of pipeline networks, installation of natural gas fittings & parts for end-users.

Executives

Frank Waung	director	72 GREAT HILLS RD., SHORT HILLS NJ 07078
Lawrence W. Leighton	director	TANG XING SHU MA BUILDING, SUITE 418, TANG XING ROAD, XIAN, SHAANXI PROVINCE F4 710065
Xiaogang Zhu	officer: Chief Financial Officer	SUITE 909, TOWER B, CHANG AN INTL BLDG, NO. 88 NAN GUAN ZHEN XIE, XI AN CITY, SHAN XI PROVINCE F4 710068

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